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Article: DOJ Issues Warrant for Assets Belonging to Bitar, Lederer, Ferguson, Furst

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  1. Dan Dan is offline Administrator

    Posts: 5,244
    Joined: May 06

    Sep 23rd, 2011 (9/23/2011 11:57pm)

    You can view the page at http://www.pocketfives.com/content.p...Ferguson-Furst
     
  2. HyperspeedR HyperspeedR is offline

    Ireland

    Posts: 102
    Joined: Sep 10

    Sep 24th, 2011 (9/24/2011 12:17am) in reply to Dan

    comeuppance cometh:D
  3. rebelfd rebelfd is offline

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    Joined: Aug 08

    Sep 24th, 2011 (9/24/2011 12:40am) in reply to HyperspeedR

    What are the chances they had any significant funds in those accounts?
  4. HyperspeedR HyperspeedR is offline

    Ireland

    Posts: 102
    Joined: Sep 10

    Sep 24th, 2011 (9/24/2011 12:46am) in reply to rebelfd

    I was thinking that aswell, but when i seen they seized a swiss account it seems more promising
  5. Demitrius100 Demitrius100 is offline

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    Sep 24th, 2011 (9/24/2011 12:50am) in reply to HyperspeedR

    hope they rot in jail
     
  6. TMLMS13 TMLMS13 is offline

    Waterloo
    Canada

    Posts: 15,983
    Joined: Dec 05

    Sep 24th, 2011 (9/24/2011 2:54am) in reply to Demitrius100

    US government will probably just keep it all saying online poker is illegal so we get to keep it.
  7. THE__N__JM THE__N__JM is online now

    Posts: 100
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    Sep 24th, 2011 (9/24/2011 2:59am) in reply to TMLMS13

    haha ...greedy bastards lol
  8. opgonbad opgonbad is offline

    Morrison, CO
    United States

    Posts: 163
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    Sep 24th, 2011 (9/24/2011 4:04am) in reply to THE__N__JM

    Bet they can trace some of that money to Annie Duke to. Howard surely fronted some startup money for the new business
  9. Infaulable Infaulable is offline

    Posts: 258
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    Sep 24th, 2011 (9/24/2011 4:33am) in reply to opgonbad

    Even if the DOJ does get us paid, get ready to be audited.
  10. Scrantos Scrantos is offline

    Denver, CO
    United States

    Posts: 53
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    Sep 24th, 2011 (9/24/2011 12:09pm) in reply to Infaulable

    Even if there is enough money in those accounts to repay all of the players I promise you will be lucky to see 10% of your total balance. I have seen first hand how the government treats these "ponzi" schemes. Uncle Sam will be retaining most of those funds for "fees" of prosecution and such. Kind of a joke actually. Although, some is better than none I guess.
  11. DeaconMike DeaconMike is offline

    Rockaway Beach, MO
    United States

    Posts: 428
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    Sep 24th, 2011 (9/24/2011 6:24pm) in reply to Scrantos

    Hope the DOJ releases the amounts of money left in those accounts.You'd think the day BF took place that the fellas started withdrawingfunds in large amounts. Wouldn't surprise me if they have a bunch ofcash buried somewhere.
  12. realpokerpro realpokerpro is offline

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    Sep 25th, 2011 (9/25/2011 1:04am) in reply to DeaconMike

    This might be reaching a bit, but who knows the DOJ might issue a settlement to let the board members keep their money in exchange for selling their shares in FTP for $0 and then take those shares and give them to pokerstars in exchange for them paying out all FTP players + small fine say $50 million dollars or so. That gets everyone settled in one large deal.

    I got more hope in that happening than these so-called investors buying FTP.
    Edited By: realpokerpro Sep 25th, 2011 at 01:05 AM
  13. JWD_51 JWD_51 is offline

    Lima, OH
    United States

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    Sep 25th, 2011 (9/25/2011 2:10am) in reply to realpokerpro

    I hope they go after, and get, everything these people have now, or will ever have in the future. They should take their homes, cars, girlfriends and pets.
  14. opgonbad opgonbad is offline

    Morrison, CO
    United States

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    Sep 25th, 2011 (9/25/2011 4:02am) in reply to JWD_51

    I dont know but if it is found to be a true Ponzi, this dude got 8 years and was ordered to pay back $30mil to his victims and $90 mil in fines and restitution to the Trading commision. http://www.kboi2.com/news/local/130214763.html
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